Singapore and Sri Lanka have started talks for a free trade pact, including measures to free up trade in goods and services as well as investments, the trade minister said on Monday.
Sri Lanka's push to build infrastructure and develop its industries presented prospects for Singapore firms to partner with companies in the Indian Ocean nation and contribute to its growth, S. Iswaran said in a statement.
"Amidst an uncertain economic environment, Sri Lanka offers good potential for Singapore companies looking to tap opportunities in new markets," he said.
The Indian Ocean island was Singapore's 39th largest trading partner last year, with two-way trade of S$2.05 billion ($1.52 billion), Singapore's Ministry of Trade and Industry said.
The Deputy Director of the Colombo National Hospital, Dr Rukshan Bellana today declared that he was prepared to face any disciplinary inquiry over the comments he made regarding the medical condition of former President Ranil Wickremesinghe.
The death toll in the Ella bus accident has increased to 15 with 16 others injured.
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